Housing price increases is good for the overall economy, but the gap between moderate-income family earnings and the cost of housing is widening in many markets.
The projected 490,000 foreclosures nationally this year is a far cry from the peak of 1.05 million foreclosures in 2010. But a few states are seeing year-over-year increases.
Four years into the recovery, and lackluster economic growth persists. But the housing market is one bright spot that may help change the overall economic picture.
Which U.S. cities are leading the nation's housing recovery? Realtor.com® has released its second quarter rankings—and one of the metros may surprise you.